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Legal
November 27, 2024
Genting Americas Moves to Dismiss $600M Lawsuit over Bahamas Casino Operations
Genting Americas Inc., a subsidiary of Genting Malaysia Bhd, has filed a motion to dismiss a $600 million lawsuit brought against it by RAV Bahamas Ltd. The dispute involves the Resorts World Bimini (RWB) casino complex in the Bahamas, as the plaintiff alleged that Genting engaged in coordinated and massive fraudulent actions. Genting Argues the […]
Legal
October 16, 2024
Genting Faces Lawsuit over Alleged Fraud Tied to Resorts World Bimini
A newly filed lawsuit against a Genting Malaysia Berhad US-facing subsidiary accuses the company of fraud, seeking damages of more than $600 million. Company Used as a Financial Wasteland The new legal battle revolves around Resorts World Bimini (RWB) in the Bahamas and was recently filed by RAV Bahamas, a company that holds a 22% […]
Industry
August 20, 2024
Genting Commits to High Integrity Standards After AML Claims
Resorts World Las Vegas (RWLV) owner, Genting Berhad, has issued a statement responding to the latest anti-money laundering (AML) violation claims brought forward by the Nevada Gaming Control Board (NGCB) on August 15. List of Violations NGCB’s list of violations questioned the way the company tackles the industry’s compliance requirements. Allegations against RWLV included “failure […]
Casino
June 26, 2024
Genting Casino Player Wins $506K Playing Crazy Time
A Genting Casino player has hit a £400,000 (approximately $506,500) prize playing a gameshow title on the operator’s online platform, gentingcasino.com. This is the latest significant prize handed out by the leading gambling company. The player in question was enjoying Crazy Time, a live gameshow title developed by iGaming expert Evolution Gaming. In a single […]
Industry
June 14, 2024
Genting Is Still Considering NYSE or Nasdaq NY Listing
Genting Malaysia, a casino & hospitality giant, is still considering going public in New York. As a result, the company’s shares could potentially appear on the Nasdaq or New York Stock Exchange (NYSE). The matter was once again discussed at the recent annual meeting where Tan Kong Han, the casino giant’s president and chief operating […]
Industry
June 5, 2024
Fruit Seller Pleads Not Guilty to Chips Theft from Genting Casino
A seasonal fruit trader was recently charged over alleged theft from Genting Highlands Berhad dating back to October this year. The case involved a 45-year-old man with the initials L.K.K., who was accused of breaking into a casino belonging to the company and stealing chips, The Star reports. The suspect faced charges along with three […]
Industry
May 20, 2024
Genting Considers Integrated Resort Project in UAE
In 2023, the United Arab Emirates (UAE) announced the creation of its regulatory body that would be in charge of gambling. The move came at a time when gambling in the jurisdiction is expected to be legalized, which may pave the way for the expansion of tourism, propelled by integrated resorts (IR) that offer Las […]
Business
April 8, 2024
Genting Promises $1B in Taxes if Granted a Downstate NY License
As the battle for the three downstate casino licenses in New York continues, Resorts World New York’s owner, Genting Malaysia, has made a huge promise. According to the casino company, its property in the Empire State could create as much as $1 billion in annual taxes, if allowed to launch Vegas-style casino gaming. Resorts World […]
Business
January 11, 2024
Genting Malaysia Confirms Plans to Inject $100M into Empire Resorts
In an unexpected move, the leading leisure and hospitality business, Genting Malaysia Berhad (GENM), announced its plans to inject some $100 million into Empire Resorts, one of its US-facing subsidiaries. Details regarding the newly proposed investment emerged on Wednesday, January 10, 2024, in a filing with the Bursa Malaysia Securities by the company. Upon announcing […]
Casino
November 7, 2023
RAAC Discovery Forces Genting to Shut Down Westcliff-on-Sea Casino
Structural integrity concerns have caused Genting Casinos UK to temporarily shut down its casino in Westclif-on-Sea. As it turns out, reinforced autoclaved aerated concrete (RAAC) had been used in the property’s construction, compromising the venue. RAAC was most commonly used in the mid-20th century as a cheaper and lighter version of conventional reinforced concrete. However, […]
